Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
FNDX vs XLF: how they differ
FNDX and XLF hold 13% of their weight in the same names, and FNDX returned more over the year.
Schwab Fundamental U.S. Large Company ETF and State Street(R) Financial Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, FNDX and XLF hold 13% of their money in the same securities at the same weight.
| Holding | FNDX | XLF |
|---|---|---|
| Berkshire Hathaway Inc | 1.41% | 12.10% |
| JPMorgan Chase & Co | 1.38% | 11.57% |
| Bank of America Corp | 0.87% | 4.91% |
| Citigroup Inc | 0.85% | 3.15% |
| Wells Fargo & Co | 0.68% | 3.34% |
| Goldman Sachs Group Inc/The | 0.58% | 3.94% |
| Morgan Stanley | 0.44% | 3.31% |
| Capital One Financial Corp | 0.35% | 1.65% |
| Visa Inc | 0.33% | 7.51% |
| US Bancorp | 0.24% | 1.24% |
| American International Group Inc | 0.23% | 0.52% |
| Mastercard Inc | 0.22% | 5.47% |
| Only in FNDX | Only in XLF |
|---|---|
| Apple Inc 4.64% | Robinhood Markets Inc 1.05% |
| Intel Corp 2.57% | Interactive Brokers Group Inc 0.51% |
| Alphabet Inc 2.38% | Coinbase Global Inc 0.43% |
| Microsoft Corp 2.33% | FactSet Research Systems Inc 0.11% |
| Exxon Mobil Corp 2.29% | Erie Indemnity Co 0.08% |
| Alphabet Inc 1.90% | |
| Amazon.com Inc 1.86% | |
| Micron Technology Inc 1.60% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and May 31, 2026.
| FNDX Schwab Fundamental U.S. Large Company ETF | XLF State Street(R) Financial Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Schwab | State Street |
| What it is | Fundamental U.S. Large Company | Financials |
| Total return, 1 year | +26.1% | +7.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +8.6 pts | −9.9 pts |
| Expense ratio | 0.25% | 0.08% |
| Already in the S&P 500 | 91.2% | 100.0% |
| Holdings | 733 | 76 |
FNDX in plain words
FNDX is an index equity fund tracking the Fundamental U.S. Large Company. Over the year to Sep 11, 2026 it returned +26.1% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.25% a year. By its holdings filed for May 31, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 733 positions, with the top ten at 22.5%.
XLF in plain words
XLF is an index equity fund tracking the Financials. Over the year to Sep 11, 2026 it returned +7.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% a year. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 76 positions, with the top ten at 57.7%.
Questions people ask
- Which returned more over the last year, FNDX or XLF?
- In the year to Sep 12, 2026, with distributions reinvested, FNDX returned +26.1% and XLF returned +7.6%, so FNDX returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, FNDX or XLF?
- FNDX charges 0.25% a year and XLF charges 0.08%, so XLF is cheaper. Fees come from each fund's prospectus.
- How much do FNDX and XLF overlap with the S&P 500?
- By their latest filed holdings, 91% of FNDX and 100% of XLF by weight is stocks the S&P 500 already holds. Between the two funds, 13% of their books are the same securities at the same weight.
Other comparisons
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, FNDX against XLF, data as of Sep 12, 2026. https://etfiq.com/compare/any/FNDX-XLF Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources